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Govt approves major gas price hike

Govt approves major gas price hike

Mismanagement, fuel shortage blamed for outages - Pakistan

The overall shortage of power supply in the system has hovered between 6000MW and 4000MW over the past couple of days as humidity increased almost across the country. AFP/File ISLAMABAD: Fuel shortages caused by inadequate supply arrangements and forced outages are leading to serious power supply constraints as consumers suffer in extreme humid conditions across the country. A senior official of the Power Division conceded that power companies had been compelled by unavoidable circumstances to apply forced power cuts ranging between 1,000MW and 2,000MW in peak hours. This does not include revenue-based loadshedding of 2,500-4,000MW depending on how the relevant authorities are technically able to park shortages.

CCoE asks for assessment before reducing port charges for LNG - Newspaper

The Cabinet Committee on Energy (CCoE) on Thursday did not immediately allow reduction in port charges on handling of liquefied natural gas (LNG) demanded by the Petroleum Division. File ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday did not immediately allow reduction in port charges on handling of liquefied natural gas (LNG) demanded by the Petroleum Division and ordered an independent assessment to reach a decision on charges competitive in the region. At a meeting of the CCoE presided over by Minister for Planning and Development Asad Umar, the Petroleum Division complained that Port Qasim Authority (PQA) had been handling charges on

Pakistan s gas woes deepen amid winter demand

Pakistan’s gas woes deepen amid winter demand Top Story Ag APP ISLAMABAD/KARACHI/QUETTA/PESHAWAR: Pakistan on Saturday faced gas supply issues amid increasing demand in the northern areas of the country in the thick of winter, leading to supply being curtailed to compressed natural gas (CNG) stations and industries, as the government said it has procured 30 per cent additional liquefied natural gas at the “cheapest ever price for January”. A Petroleum Division spokesperson explained the government’s winter gas load-management strategy, saying Pakistan will be moving 30 per cent more “LNG molecules” in this January compared to January 2018, at the cheapest ever price of $6.34 [per MMBTU] for a peak winter month,” the spokesperson said in a weekly press statement.

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